Bitstock blockchain
blockchain is the underlying technology of bitcoin, like a database ledger, recording all transaction records. Because of its safety and convenience, this technology has graally attracted the attention of the banking and financial instry
in April 2018, a group of scholars from Oxford University announced the establishment of Woolf University, the world's first blockchain University
in a narrow sense, blockchain is a kind of chain data structure that combines data blocks in chronological order in a sequential way, and it can not be tampered with and forged by cryptography
broadly speaking, blockchain technology is a new distributed infrastructure and computing method, which uses blockchain data structure to verify and store data, uses distributed node consensus algorithm to generate and update data, uses cryptography to ensure the security of data transmission and access, and uses intelligent contract composed of automated script code to program and operate data.
Blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies
blockchain is an important concept of bitcoin. It is essentially a decentralized database. At the same time, as the underlying technology of bitcoin, it is a series of data blocks generated by using cryptographic methods. Each data block contains the information of a bitcoin network transaction, Used to verify the validity of its information (anti-counterfeiting) and generate the next block
some areas where blockchain can be used can be as follows:
& ᦇ 9642; Smart contract; Securities trading; E-commerce; Internet of things; Social communication; File storage; Proof of existence; Authentication
&9642; Equity crowdfunding
we can compare the development of blockchain with the development of the Internet itself. In the future, something called finance Internet will be formed on the Internet. This thing is based on blockchain, and its precursor is bitcoin, that is, traditional finance starts from private chain and instry chain (LAN), bitcoin series starts from public chain (WAN), They all express the same concept - digital asset, and finally converge to an intermediate equilibrium point
The evolution mode ofblockchain is as follows:
& 9642; Blockchain 1.0 digital currency; Blockchain 2.0 digital assets and smart contracts; Blockchain 3.0: implementation of distributed applications in various instries
From the perspective of technology and architecture, I will tell you my understanding of blockchain in common language
what is blockchain? In a word, blockchain is a storage system. To be more specific, blockchain is a distributed storage system without an administrator and each node has all the data
What are the common storage systems like
first, how to ensure high availability
the common storage system usually uses "rendancy" to solve the problem of high availability. As shown in the figure above, if the data can be copied into several copies and rendant to multiple places, high availability can be guaranteed. The data in one place is hung, and there is data in other places. For example, the master-slave cluster of MySQL is the same principle, and the raid of disk is also the same principle
two points need to be emphasized in this place are: data rendancy often leads to consistency problems
1. For example, in the master-slave cluster of MySQL, there is actually a delay in reading and writing, which means there is a inconsistency in reading and writing in a short period of time. This is a side effect of data rendancy
The second point is that data rendancy often reces the efficiency of writing, because data synchronization also consumes resources. If you add two slave libraries, the write efficiency will be affected. The common storage system is to use rendancy to ensure the high availability of dataso the second question, ordinary storage system, can write more
the answer is yes, for example, take this graph as an example:
in fact, MySQL can do a master-slave synchronization of al masters, master-slave synchronization of al masters, two nodes can be written at the same time. If you want to do a multi room multi live data center, in fact, multi room multi live data synchronization. What we should emphasize here is that multi-point writing often leads to the consistency problem of writing conflicts. Take MySQL as an example, suppose that the attribute of a table is self incrementing ID, then the data in the database is 1234 now. If one of the nodes writes and inserts a piece of data, it may become 5, and then these 5 pieces of data are synchronized to another master node, Before synchronization, if another write node inserts a piece of data, a piece of data with self incrementing ID of 5 will be generated. Then, after the generation, synchronize to another node, and the synchronized data will conflict with the two local 5's after it arrives, which will lead to synchronization failure and write consistency conflict. This problem will occur in the case of multi-point writing
how to ensure consistency in multi-point writing
the reform "Swan class" gives you more technical work
Blockchain platforms include Ethereum, Asch and other underlying application development platforms
Ethereum, an open source public blockchain platform with smart contract function, provides decentralized Ethereum virtual machine to process point-to-point contract through its special cryptocurrency ether (ETH)
arch, a decentralized application platform based on side chain technology. Asch is designed to lower the threshold of developers, such as using JavaScript as the application programming language and supporting relational database to store transaction data, which is believed to be very attractive to developers and small and medium-sized enterprises
extended data
in 2008, Nakamoto first proposed the concept of blockchain. In the following years, blockchain has become the core component of electronic currency bitcoin: public account book for all transactions
by using peer-to-peer network and distributed timestamp server, the blockchain database can be managed independently. The blockchain invented for bitcoin makes it the first digital currency to solve the problem of repeated consumption. Bitcoin's design is a source of inspiration for other applications
bitcoin is the absolute mainstream of digital currency, and digital currency is in full bloom. Bitcoin, litecoin, dogecoin, dashcoin are common. In addition to currency application, there are various derivative applications, such as Ethereum, Asch and other underlying application development platforms, as well as NXT, SIA, bitstocks, maidsafe, ripple and other instrial applications
it is the birthplace of blockchain technology, and the market has confidence in it. It still maintains a stable growth under the adverse situation of major policies. Once it solves the problem of capacity expansion, the price rise can be predicted
2. Ethereum
compared with bitcoin, the advantage of Ethereum is that it has no policy problems. Although the event led to its bifurcation, the establishment of enterprise version Ethereum alliance may solve this problem. Its concept and Prospect of smart contract attract many developers to follow
the essence of community operation is that the majority decides the minority when indivials support eth
3. Zec
compared with bitcoin and Ethereum, the risk of z-coin will be greater, and its value will take a longer time to reflect. But in the long run, the value of anonymity will be one of the values that human beings generally pursue
4. BTS
bitstocks are very powerful and the system is very stable. Decentralized trading, anchoring system and so on. Although the founder bm's brain damage has hurt the community, the value of bitstocks is obviously undervalued. It is a wise choice to hold bitstocks on the cheap.
in the bitcoin system, the number of bitcoins issued by each block decreases with time. Each block from Genesis block will issue 50 bitcoins to the bookkeeper of the block, and then the number of bitcoins issued by each block will be reced by half every four years (210000 blocks), and so on, until the number of bitcoins is stable at the upper limit of 21 million [19]. There will be a service charge in the process of bitcoin transaction. At present, the default service charge is one in ten thousand bitcoins, which will also be recorded in the block and rewarded to bookkeepers
with the soaring price of bitcoin, more and more people join the bitcoin mining instry. How long does it take to dig a bitcoin? How amazing is the power consumption of bitcoin mining machine? First of all, let's take a look at the "blockchain". The core principle of bitcoin is "blockchain". Each block corresponds to a bill. Linking all blocks is a blockchain. Any transaction information and transfer records are recorded in the blockchain. It should be noted that the blockchain exists in the whole Internet, so no bitcoin holder is worried about the loss of bitcoin
blockchain is probably such a structure. Let's explain it briefly. Taking the bitcoin blockchain as an example, the blockchain is not only bitcoin blockchain. As early as 2009, there was only one blockchain, bitcoin blockchain. In recent years, there have been other blockchains. In a moment, I will also introce the blockchain of Ethereum, or bitstock, as well as various blockchains. After the development of blockchain, Now it has entered the public chain and private chain. Just like bitcoin, the public chain is an account in the world. Bitcoin has only one blockchain in the world, which is owned in the world. Later, it developed to some financial institutions, which want to use blockchain to do things. It can't do things on a blockchain without national boundaries. Bitcoin blockchain is global, There is no sovereignty to manage it, no central organization to manage it, and almost no one can harm it. Not only hackers can't harm bitcoin blockchain, but also the government can't harm bitcoin blockchain.
dividend, a part of mining reward and transaction cost, is distributed according to the proportion of the number of bitstocks owned to the number of existing bitstocks
bitasset is a kind of asset with collateral, which is supported by bitshares with a margin ratio of 1.5 to 2 times or higher. It has all replaceable, divisible and transferable assets of bitshares and can obtain dividends. All dividends are generated by collateral and paid in the form of bitshares
margin: an asset whose value exceeds the current market value of a bit asset as a support
bitusd, a kind of asset supported by bitstocks, whose value is highly related to the value of US dollar through self imposed market feedback mechanism
bit x (bitx) - a general way to name bit assets, which is based on the self imposed market feedback mechanism and is related to the realized value of the assets associated with it (such as bitgold, bitapple, etc.)
blockchain: a global synchronous, block structured and orderly trading account
output: the balance of the trading account that is limited to how it will be used under specific conditions
transaction: matching a group of unmatched output orders with another group of unmatched output orders under the condition of meeting the output matching conditions and other block chain rules.
as early as 2016, the third party E-contract platform law was based on the blockchain technology and implemented the legal chain deposit platform and alimail deposit business. Users can synchronously save the characteristic data (including hash value) of important e-mail to an authoritative third party organization; Once there is a dispute, users can download the full text of the e-mail by themselves, and then send it to the judicial authentication institution to compare the original e-mail feature data with the previous certificate data, and then generate the corresponding certificate issuing authentication report. According to the report, users can effectively safeguard their legitimate rights and interests.
What is blockchain? What kind of changes will it bring to the future life
blockchain is a new application mode of distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies
blockchain is an important concept of bitcoin. It is essentially a decentralized database. At the same time, as the underlying technology of bitcoin, it is a series of data blocks generated by using cryptographic methods. Each data block contains the information of a batch of bitcoin network transactions, Used to verify the validity of its information (anti-counterfeiting) and generate the next block
in fact, the word blockchain does not appear in the original English version of bitcoin white paper, but the word chain of blocks. In the earliest Chinese translation of bitcoin white paper, chain of blocks was translated into blockchain. This is & lt; Blockchain & quot; This Chinese word first appeared
on January 10, 2019, the state Internet Information Office issued the regulations on the management of blockchain information services, which will come into effect on February 15, 2019
in a narrow sense, blockchain is a kind of chain data structure that combines data blocks in a sequential way according to the time sequence, and it can not be tampered with and forged by cryptography
In the end, this is undoubtedly a new life changing technology. In the future, the proction activities of the whole society will be carried out with blockchain as the underlying logic. Many things are within our reach. With the integration of artificial intelligence and big data, we can easily handle the seemingly complicated things, For example, some securities market transactions and intelligent matching of financial activitiesit's easy to understand that blockchain is the integration of people, property, man, machine, material, man, field and goods, which is packaged into a whole; A network computing center that runs on an infrastructure